Oakmark Funds recently published its 2019 Q3 investor letter – you can download a copy below.
The recently-completed quarter was not a successful one for the firm. The investment company reported a decline of 2.1% during the third quarter, comparing to a 1.7% gain for the S&P 500. For the year thus far, it has lost 5.7%, again comparing unfavorably to a 4.3% gain for the S&P 500.
In outlining its results, Oakmark disclosed the biggest contributors and detractors of its performance...
